Continuation Long with recent pullback
Back into play with a long at 146.93. Reasons:
1. Geopolitical with Trump/Kim is positive
2. Price Action (PA) has pushed again from the bottom breaking two swing highs into a pullback. This has created the Higher High, Higher Low scenario. Pullback means: great place to get in, rather than buying at the highs. Using Fibonacci, pullback came > than 50%, but less than 61.8%. Not ideal, but you know the deal.
3. S/L = 146.45. Below the last hourly swing low at 146.50
4. TGT = 149.15. Monthly and Weekly Pivots confluence here along with a longer term pullback fib at 88.6 that began 17 May 2018 at 150.00.
5. Good luck.
1. Geopolitical with Trump/Kim is positive
2. Price Action (PA) has pushed again from the bottom breaking two swing highs into a pullback. This has created the Higher High, Higher Low scenario. Pullback means: great place to get in, rather than buying at the highs. Using Fibonacci, pullback came > than 50%, but less than 61.8%. Not ideal, but you know the deal.
3. S/L = 146.45. Below the last hourly swing low at 146.50
4. TGT = 149.15. Monthly and Weekly Pivots confluence here along with a longer term pullback fib at 88.6 that began 17 May 2018 at 150.00.
5. Good luck.
Trade closed manually:
Update: Closed my longs. I'm looking at 4 H doji's and I will take my 100 pip profits. The ring of the cash register is a sweeter sound than the duh-duh-duh sound of a losing Pac-man.